Peruvian Investors Buy Stake
In Telefonica for $175 Million

LIMA, Peru -- Peruvian investors acquired a 3.6% stake in Telefonica del Peru SA for approximately $175 million, a spokesman for the telecommunications company said Thursday.

The new investors are: Grupo Romero, owners of bank Credicorp and other businesses, with 1.2%; construction company Cosapi with 1.0%; a group led by former industry minister Alfonso Bustamante, with 1.0%; Grupo Benavides with 0.2%; and mining holding group Grupo...